Lazard Asset Management LLC Buys 4,912 Shares of American Public Education, Inc. (NASDAQ:APEI)

Lazard Asset Management LLC boosted its stake in American Public Education, Inc. (NASDAQ:APEIGet Rating) by 96.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,015 shares of the company’s stock after acquiring an additional 4,912 shares during the period. Lazard Asset Management LLC owned 0.05% of American Public Education worth $161,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. KBC Group NV bought a new stake in shares of American Public Education in the second quarter valued at approximately $27,000. Amalgamated Bank bought a new stake in shares of American Public Education in the first quarter valued at approximately $177,000. Money Concepts Capital Corp raised its position in shares of American Public Education by 13.6% in the second quarter. Money Concepts Capital Corp now owns 11,986 shares of the company’s stock valued at $192,000 after purchasing an additional 1,438 shares during the period. MetLife Investment Management LLC raised its position in shares of American Public Education by 46.6% in the first quarter. MetLife Investment Management LLC now owns 9,417 shares of the company’s stock valued at $200,000 after purchasing an additional 2,995 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of American Public Education by 10.1% in the first quarter. PNC Financial Services Group Inc. now owns 10,783 shares of the company’s stock valued at $230,000 after purchasing an additional 988 shares during the period. Institutional investors own 96.69% of the company’s stock.

American Public Education Price Performance

Shares of NASDAQ:APEI opened at $13.55 on Tuesday. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.47. American Public Education, Inc. has a 12 month low of $7.82 and a 12 month high of $24.73. The stock has a market cap of $255.99 million, a P/E ratio of -2.59 and a beta of 0.76. The company has a 50 day moving average of $10.97 and a 200 day moving average of $12.87.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on APEI. Truist Financial lowered their price target on shares of American Public Education from $21.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 11th. TheStreet cut shares of American Public Education from a “c” rating to a “d” rating in a research note on Wednesday, August 10th. Barrington Research reaffirmed a “buy” rating and set a $15.00 price objective on shares of American Public Education in a research note on Friday, September 23rd. Finally, StockNews.com assumed coverage on shares of American Public Education in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

American Public Education Profile

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American Public Education, Inc, together with its subsidiaries, provides online and campus-based postsecondary education. The company operates through three segments: American Public University System, Rasmussen University, and Hondros College of Nursing. It offers 130 degree programs and 111 certificate programs in various fields of study, including business administration, health science, technology, criminal justice, education, and liberal arts, as well as national security, military studies, intelligence, and homeland security.

Further Reading

Institutional Ownership by Quarter for American Public Education (NASDAQ:APEI)

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